Winpak (TSE:WPK) Shares Pass Below 200 Day Moving Average - Should You Sell?

Winpak Ltd. (TSE:WPK - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$46.67 and traded as low as C$45.02. Winpak shares last traded at C$45.34, with a volume of 21,730 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on WPK shares. National Bank Financial raised shares of Winpak to a "strong-buy" rating in a report on Wednesday, September 25th. CIBC lifted their target price on Winpak from C$53.00 to C$54.00 in a report on Monday, October 28th. BMO Capital Markets increased their price objective on shares of Winpak from C$50.00 to C$52.00 in a research report on Friday, October 25th. Finally, National Bankshares set a C$55.00 target price on Winpak and gave the company an "outperform" rating in a research report on Thursday, September 26th.

Winpak Trading Up 0.8 %

The company has a current ratio of 8.95, a quick ratio of 4.69 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of C$48.75 and a 200-day moving average price of C$46.68. The firm has a market cap of C$2.88 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 4.44 and a beta of 0.21.

Winpak Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, January 10th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.44%. Winpak's payout ratio is currently 6.58%.

Winpak Company Profile

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.